Mundelein shifting ahead with plans to boost property tax levy

Mundelein owners probably will see the quantity of taxes they pay to the village enhance subsequent yr though the tax charge is predicted to drop.

The village board on Monday moved ahead with a plan to gather about $16.8 million in property tax income in 2025. Formal approval is predicted Dec. 9.

The village is gathering about $16 million in such taxes this yr for the 2023 fiscal yr, which ended April 30. Taxes are collected the yr following the evaluation.

The cash goes to fund village salaries and companies in addition to pensions for municipal workers.

The village’s present property tax charge is $1.44 per $100 of equalized assessed valuation. The proprietor of a typical home value $300,000 paid about $1,444 in taxes to the village.

The tentative plan requires the village’s tax charge drop to $1.37 per $100 of equalized assessed valuation, which ought to end in a $66 tax enhance to the village for a typical house owner.

That proposal was considered one of three offered to trustees for consideration. The 2 others would’ve dropped the speed additional, which in a single state of affairs would’ve resulted in a slight tax lower for the everyday property proprietor.

Village officers have stated the proposed levy assortment will enable for enough contributions to the general public security pensions and put aside sufficient cash to cowl will increase in wages and the prices of companies and provides.

After an sometimes heated dialogue throughout a committee-of-the-whole assembly Monday night time at village corridor, 5 trustees supported the proposal. Trustee Robin Meier opposed it.

Trustee Erich Schwenk, who leads the village’s finance committee, stated no trustee seems ahead to elevating taxes, noting that “it’s not a superb factor to do to your neighbor.” However the village has an obligation to fund pensions, he stated.

Trustee Jenny Ross stated she backs the plan as a result of it’s essential for the village to maintain up with cost-of-living will increase. Trustee Kara Lambert stated the village should keep companies and employees.